The global uranium market is entering a “tipping point” where sustained demand for the energy fuel and supply constraints could lead to a significant rally in prices in the coming years, according to analysts at Teniz Capital. ‘Structurally short’According to the bank, the world’s supply of primary uranium is falling “structurally short” of nuclear reactor demand due to years of underinvestment. As such, analysts said that uranium has now entered a “long-duration structural bull market” that they believe is time-embedded rather than cyclical. The physical constraints of time are insurmountable,” the report said, warning that even higher uranium prices would not offer a quick fix. The most advanced alternatives are either too small, too costly, or too early-stage to materially alter the supply outlook, according to the report.